IOTA employs distributed ledger technology [i.e. Tangle] to back their network; blockchain was abandoned due to problems related to scalability. They’re planning on doing away with centralized aspects shortly.
Jaguar Land Rover, as well as Engie Lab Crigen [based in France], are teaming up with the Foundation. A demo on Proof-of-Concept will be presented at the Powerhouse building in Trondheim. Norway is known for its environmental-friendly outlook [they’re trying to discover ways to slow down climate change].
The PoC will bring about LIVE tracking of energy consumption and the place of origin of the I-Pace [via the use of a charger synched to the aforementioned structure]. The vehicle will also have access to a smart wallet backed by Jaguar and IOTA. Reports related to potholes, traffic conditions, etc will lead to the vehicle earning crypto.
The driver will control raking in funds and spending.
#IOTA at 99.94% confirmation rate — effectually 100% over 5 to 10 minutes — even before #coordicide — what a giant is being created under the radar, currently submerged under the sewer’s balderdash and two minutes attention time span. pic.twitter.com/iH8iMmuUIO
— Satoshi Watch (@blockchainghost) August 29, 2019
According to data for the IOT/USD chart on tradingview, the MACD line has been rising steadily north of the signal line. This points to bullish pressure propelling the currency. Even though the Ichimoku Cloud is crimson, IOTA has been performed well. The low RSI [at 45] and the brown peaks [tied to the Awesome Oscillator] below the zero line is a cause for concern.
IOTA is ranked at #19, south of Tezos in the market. The trading volume recorded is $5.007 million, whereas the supply has 2,779,530,283 MIOTA coins in play. As of this moment, the total market cap of IOTA is $697.829 million. A jump rate of 1.96% was noted in the course of the past 24-hours. This brought MIOTA all the way up to $0.251060 where it holds for now.
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